New York City's congestion pricing plan boosts traffic speeds and reduces congestion

New York City's congestion pricing plan, launched on January 5, has led to significant increases in traffic speeds on routes into Manhattan. Morning rush-hour speeds through the Holland Tunnel have nearly doubled to 28 mph compared to last year. Traffic data shows that vehicles entering the congestion zone below 60th Street are experiencing faster travel times, with some routes seeing reductions in travel times by 30-40%. The toll ranges from $4.50 to $14.40, depending on the vehicle type. The new pricing scheme aims to reduce congestion and fund improvements to public transit. New York now joins other major cities with similar programs, which have historically seen traffic reductions of over 20%.